Just read a quote in the UK Evening Standard, which says ‘the troubled US economy will enter hyperinflation approaching the levels in Zimbabwe last year.’
‘This is because the Federal Reserve will be reluctant to raise interest rates’, that’s according to investor Marc Faber, a bear of some note. Zimbabwe’s inflation rate reached 231 million per cent last year. But will the once powerful US economy be the one to match our Zimbabwean record?
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Wed, Jun 3, 2009
Township News